Yeah, that was my first thought, when did $250K a year define you as rich?
Sure in many parts of the US, that is a lot of money and you can live comfortably...but not excessive.
But in other parts, that is NOT a high salary....especially in the larger metropolitan areas on the east and west coast.
Well, median salary in Seattle is 80k, so yeah, I think if you're making 250k you're doing ok and making substantially more than the average.
Previously at least there's no state income tax in WA, so let's say after deductions etc, your federal income tax rate is around 30%. Let's round it up to 35% to cover other random deductions. Hell, even 40% to be ridiculously safe.
250k minus 40% taxes/social security/medi*/health insurance/etc = 150k take home.
Going by the old rule of thumb, 1/4 of your take home pay to pay for housing is up to 37.5k a year or $3100 a month. That should cover you buying a home that's somewhere around 600k-800k+.
150k take home - 37.5k a year for housing leaves you with $112,500 for food, transportation, creature comforts, saving, retirement, etc.
Why not order a maxed out Tesla Model S (160k) why you're at it. That'll cost you about $2400/mon.
Now you're down to $83,700.
Utilities for that big house and electric car--$600/mon?
Let's say food and drink costs on average $100 a day, 365 days a year.
$40,000 of pretty much totally disposable "fuck you" money AFTER spending lavishly on car, housing, and food. That right there is close to the median salary in many states.
I'd say that counts as rich. Not NBA superstar or Hollywood moviestar rich (many of whom, it should be noted, borrow huge amounts of money and go bankrupt), but yeah, you're a 1%%er.
* and if you actually spend money frugally or even not lavishly you could have a lot, lot more disposable cash.